Introduction

PHAROX xT EA V5.37 MT5 is an automated trading system designed for the MetaTrader 5 platform. It executes trades based on predefined algorithmic rules, aiming to identify trading opportunities and manage positions without manual intervention. It is suitable for traders seeking a structured and automated approach to forex trading.

Key Features

Fully automated trade execution
Advanced market analysis using technical logic
High-speed order execution
Customizable settings (lot size, SL, TP, risk)
Grid/martingale recovery mechanism (in most versions)
Multi-pair and multi-timeframe compatibility
Backtesting and optimization support
VPS compatible for 24/7 trading

Recommended Settings

Timeframe: M15 or H1
Pairs: EURUSD, GBPUSD (low spread pairs preferred)
Lot size: 0.01 per $100 balance
Stop Loss: 30–100 pips
Take Profit: 50–150 pips
Risk level: Low to moderate
Use VPS: Recommended for stable performance

Backtest Result

Shows performance based on historical data using MT5 Strategy Tester
Key metrics include:
- Profit and loss
- Drawdown
- Win rate
- Equity curve
Good results usually show steady growth with controlled drawdown
Backtest results may differ from live performance due to market conditions

Advantages

Eliminates emotional trading
Saves time through automation
Executes trades quickly and efficiently
Allows backtesting before live trading
Customizable risk and strategy settings
Can trade continuously (24/7 with VPS)

Disadvantages

Risk of high drawdown if using martingale/grid
Performance depends on market conditions
Requires monitoring despite automation
Broker conditions can affect results
Over-optimization risk in backtesting
No guarantee of consistent profit

Installation & Setup Guide

Download the EA file (.ex5 or .mq5)
Open MetaTrader 5
Go to File → Open Data Folder
Open MQL5 → Experts folder
Paste the EA file into Experts folder
Restart MT5 or refresh Navigator
Drag EA onto chart
Enable Algo Trading
Adjust input settings (lot, SL, TP, risk)
Run on demo account before live use.

Support & Disclaimer

Support

If you need help installing or configuring your EA, or face any kind of bug, feel free to reach out on:

WhatsApp: Click here

Telegram Group: Join our community

Disclaimer:

Forex and gold trading involve risk. Past performance doesn't guarantee future results. Always test robots on demo before live trading and use proper risk management.